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FxWirePro: EUR/JPY rejected from double top at 129.47, good to sell rallies

Jan 28, 2016 07:05 am UTC| Technicals

EUR/JPY price action was rejected from double top at 129.47 (Jan 5th and 27th), days highs were also capped at 129.47. The pair has been trading a falling wedge pattern, and scope builds for further...

GBP/USD bearish below $1.4350 marks

Jan 28, 2016 06:48 am UTC| Technicals

Cable showed just a moderate reaction after the Fed decided to keep rates unchanged. Pair is currently trading at $1.4249 levels. It made intraday high at $1.4262 and $1.4231 levels. UK GDP is the main...

Silver forms Big W pattern, break above $14.60 targets $15.70

Jan 28, 2016 06:30 am UTC| Technicals

Pattern Formed- Big W pattern Major resistance - $14.60 The commodity has recovered till $14.55 yesterday after slightly dovish Fed statements. It is currently trading around $14.38. Any break above $14.60...

FX Hedging Strategy Series

FxWirePro: AUD/CAD forms double top, rejects resistance at 0.9955 - speculate with one touch binary delta puts

Jan 28, 2016 05:57 am UTC| Technicals

Both daily and intraday charts pop up selling signals in this pair that may slide down it to levels of 0.9861 back again (neckline). As shown in the intraday charts, as the pair seems unlikely to break and sustain...

Gold refrain to hold above fresh 3-month high

Jan 28, 2016 05:55 am UTC| Technicals

Yellow metal hit the highest level since the beginning of November as the Federal Reserve decided to keep interest rates unchanged. Yesterday pair made high at $1127 levels and currently trading at $1120...

FxWirePro: USD/JPY retreats from session top at 118.93, further upside only on breaks above 119

Jan 28, 2016 05:43 am UTC| Technicals

Improving risk-appetite saw USD/JPY gain momentum, the pair tested 118.93 high before it found fresh offers. Doji formation seen in the Asian session, bulls unable to take the pair higher, Stochs have approached...

GBP/JPY faces trend line resistance around 169.80, break above targets 173.45.

Jan 28, 2016 05:40 am UTC| Technicals

Major trend line resistance - 169.80 (trend line joining 170.27 and 170.02) The pair is facing resistance at 169.80 and break above targets 172/173.45 in short term. Its minor support is around 168.50 and below that...

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Technology

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